Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,725 shares of the technology company’s stock after acquiring an additional 3,237 shares during the period. Asset Management One Co. Ltd.’s holdings in Jack Henry & Associates were worth $5,793,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JKHY. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $27,000. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $40,000. Cary Street Partners Financial LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $54,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after acquiring an additional 143 shares during the period. Finally, Menard Financial Group LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $60,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JKHY shares. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Keefe, Bruyette & Woods lowered their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. The Goldman Sachs Group upgraded Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. Finally, UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $185.11.

Jack Henry & Associates Stock Up 0.4%

JKHY stock opened at $178.32 on Friday. The firm has a market cap of $12.99 billion, a PE ratio of 30.38, a PEG ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50 day moving average price is $178.57 and its 200-day moving average price is $175.96. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.52%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.